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BitcoinCash on Jostpay

You can now buy, sell, trade, send and receive BitcoinCash in Nigeria through Jostpay.

In our never-ending bid to make our customers have direct access to multiple cryptocurrency services in one place, we have now added BitcoinCash to our platform.

Jostpay Customers now have a three-in-one (Bitcoin, Litecoin and BitcoinCash) wallet. This gives a registered user of our platform easy and quick navigation to all services relating to these three cryptocurrencies.

You can choose to exchange your BitcoinCash to Naira in any bank in Nigeria via Jostpay. One can also choose to send, receive and store their BitcoinCash (BCH) within the platform. And with our Marketplace feature, you can decide to trade BitcoinCash along with Bitcoin and Litecoin. You can post a trade to buy or sell from our thousands of customers.

Our Marketplace is designed to help traders achieve their goals with ease. A Trader sets local exchange rate, commission, amount limits and work hours. This way, a buyer or seller approaches the Trader with all the information the Trader wants; which brings about the smooth transaction for everyone. And with our smart escrow service in place, there is no place for fraud. Transactions are always successful.

Obayomi Olubowale, CEO of Jostpay had this to say, “It’s a great addition to an already exciting package. Customers can now send Bitcoin, Litecoin, BitcoinCash and PerfectMoney directly to bank on just one platform. And we haven’t stopped yet, as we will continue to look to see which other cryptocurrencies we can add to the platform after thorough research.”

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Jostpay has launched a new offline wallet storage for Bitcoin, Litecoin, and BitcoinCash in a bid to enhance the security of your coins.

Henceforth, all funds transferred into your Jostpay Cryptocurrency Wallet will be moved and secured in your offline wallet after the 1st confirmation. You can withdraw from your offline wallet to bank, send Bitcoin, Litecoin or BitcoinCash and also trade on the marketplace.

Also, be informed that JostPay API has been modified, you can receive Bitcoin, Litecoin or BitcoinCash using our POP UP API seamlessly on your website.

I have been trying to dig out a good & funny intro line to start
this article but none seem to be coming at this time. So I'm just gonna
straight to the point.

What is Bitcoin?
Bitcoin is a digital or virtual type of money. Digital in the sense
that, it is not printed like your Naira or Dollar. Virtual in the sense
that, it is not physically felt or produced like other commodities that
can serve as a medium of exchange, store of value and unit of account. I
believe we understand that 'money' is not limited to our fiat
currencies alone. Money can be anything. Anything that can perform the
main functions of money can be used as 'money'. As you can exchange your
1000Naira for a plate of eba and egusi soup. You can also exchange your
iPhone7 for that same plate of food if you want to. Am certain Mama
Kabiratu won't mind. It is satisfying the same desire.

Now, defining bitcoin technically, Bitcoin is a kind of money or
peer-to-peer payme…